Nestlé expects ‘major growth’ in Kenya when oil starts flowing
Nestlé Kenya Managing Director Svetlana Obruchkova says the purchasing power of consumers in the East African country is set to rise and push the sales of branded goods.
“There are affluent people and the middle class is growing but it is still not growing at the extent we would like. We strongly believe that this growth will come when the oil and gas is developed and a wider part of the population will get better incomes. The potential is really great… and we expect major growth to come in the next five years.”
Kenya to host regional center for drugs regulation
The East African nation was selected by New Partnership for Africa’s Development (NEPAD) effective after beating five African countries, national regulatory authorities and universities who had responded to NEPAD call for applications.
“This means Kenya is now a model where other African countries are expected to come to learn Pharmacovigilance activities,” the Pharmacy and Poisons Board said in a statement unissued in Nairobi.
Kenya: Cooperatives to Boost Fish Farming, Food Security - Agriculture Chief
The Mombasa county government will promote aquaculture to boost food production. Agriculture executive Anthony Njaramba said there will be five ponds and a cold storage facility in each of the 30 wards in the county.
"We want ensure all residents have enough to eat and surplus to sell," said Njaramba during an interview in Mombasa town on Saturday.
He said fishing can be done in spaces available in private homes and compounds.
Nigeria, emerging hub for pharma market expansion in Africa
As growth opportunities continue to move away from traditional pharmaceutical markets and growth patterns in developed markets continue to flatten, many multinational companies (MNCs) like Norvatis, Pfizer, Sanofi, Johnson & Johnson, etc. look toward Africa, including Nigeria for their expanding global footprint.
This is evident following GlaxoSmithKline (GSK) plan to invest over $200million in Africa over the next five years,
